FULL WANG Business Summary

Full Wang International Development Co., Ltd. (6219.TWO) is a prominent Taiwanese real estate developer that generates revenue primarily through the sale of residential properties and the strategic development of industrial land. The company’s business model is bifurcated into two primary segments: Residential Development, which focuses on high-rise apartments, luxury villas, and "smart" healthy homes, and Industrial Land Development, which provides specialized tech parks to support Taiwan's manufacturing sector. As of March 2026, the company manages a substantial land bank of approximately 22,000 pings with a projected total sales value of NT$29 billion, concentrating its operations in high-growth regions such as Taichung, Hsinchu, and Changhua. Full Wang competes directly with major domestic developers including Highwealth Construction, Farglory Land Development, and Huaku Development, positioning itself as a specialized player that bridges the gap between mass-market residential needs and high-spec industrial infrastructure. The company’s leadership is anchored by Chairman Lin Zong-yi and General Manager Lin You-ren, who formally assumed their roles in May 2025 following a planned second-generation succession. Chairman Lin Zong-yi, who joined the firm in 2009, brings nearly two decades of experience across sales, business operations, and land acquisition, while General Manager Lin You-ren, a finance specialist who joined in 2014, oversees site management and procurement strategies. The firm was founded by Lin Zheng-xiong, a highly influential figure in the Taiwan property market and former Chairman of the Real Estate Development Association of the R.O.C., who continues to provide strategic guidance as Group Founder. The current board of directors, refreshed during the 2025 annual meeting, emphasizes a transition toward ESG-compliant construction and "smart building" integration to maintain competitive advantages in a tightening regulatory environment.